4 ms·
I think it's an honest comment about the "Halo-effect" the YC stamp can have on investors. One useful counterfactual is thinking about what our comments would
by sjbp 9y ago
I think it's an honest comment about the "Halo-effect" the YC stamp can have on investors.
One useful counterfactual is thinking about what our comments would be if Sam said "more YC company should raise money immediately after the program". I think it would be very hard to defend that every (most?) startup is ready for such a commitment at that very specific moment in time.
- ukulele 9y agoBut YC is already making the claim that every company in the program is ready for investment. It's doing so by investing in them.
- deleted 9y ago[deleted]
- muzani 9y agoThey invest based on very little data. It's more a gamble, but they gamble at scale, with good odds. It doesn't mean every one of them is good. They don't know which one is good with the data they had, but are wise enough to accept they know little and instead chose to invest in several.